Macro analyst Stephanie Pomboy breaks down how the recent retails sales & jobs reports are either erroneous (at best) or intentionally deceptive.
It’s a very challenging & confusing time for investors as there are several standoffs happening right now & it’s uncertain which parties will emerge victorious.
For starters, the market clearly doesn’t believe Jerome Powell’s resolution to hold the Federal Funds rate above 5% for the rest of the year. It’s currently predicting a Fed pivot by summer.
On top of that, the market has been in rally mode & is now trying to confirm the recent bullish breakout. But nearly all of the recent macro data shows a weakening economy.
Which outcomes are more likely to prevail?
To help us
tackle the probabilities, we’re fortunate to welcome macro analyst and interviewer extraordinaire Grant Williams back to the program.We still live in an era where the markets hang on every word uttered by the Federal Reserve and its chairman Jerome Powell.
Last week saw the Fed raise the Federal Funds Rate by a quarter percent, as was expected.
Then Jerome Powell spoke and the markets immediately started spiking higher, which very likely was not what he was hoping for.
For several quarters now, the Fed has been locked in a game of chicken with the markets, who expect the Fed to reverse policy substantially sooner than Jerome Powell is trying to guide the public.
Who’s like to be
proven right — the markets or the Fed?For perspective, we welcome back one of the best Fed-watchers we know, Axel Merk, President and Chief Investment Officer of Merk Investments back to the program.
Please share a little more information so we can best serve you. This service provided by Greylock Peak Investments LLC, a registered investment advisor and subsidiary of Wealthion.
We provide you with the following documentation to educate you about Greylock Peak Investments LLC, a subsidiary of Wealthion, and our business relationship with any independent advisor to which you are referred.
By submitting this request to be referred to one of our advisor partners, you acknowledge that you have read and understand the documents below, and that you will receive further such information detailing the advisor(s) to which you are referred as a follow-up to your request:
If you prefer to have these documents emailed to you, click here.
Or if you would prefer to have them sent via postal mail, click here.
